Hangzhou Shunwang Tech (300113) - Net Assets

Latest as of March 2026: CN¥2.70 Billion CNY ≈ $394.65 Million USD

Based on the latest financial reports, Hangzhou Shunwang Tech (300113) has net assets worth CN¥2.70 Billion CNY (≈ $394.65 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥3.09 Billion ≈ $452.87 Million USD) and total liabilities (CN¥397.87 Million ≈ $58.22 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check 300113 strategic asset allocation to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥2.70 Billion
% of Total Assets	87.14%
Annual Growth Rate	45.22%
5-Year Change	5.18%
10-Year Change	1.52%
Growth Volatility	323.73

Hangzhou Shunwang Tech - Net Assets Trend (2007–2025)

This chart illustrates how Hangzhou Shunwang Tech's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Hangzhou Shunwang Tech stock valuation.

Annual Net Assets for Hangzhou Shunwang Tech (2007–2025)

The table below shows the annual net assets of Hangzhou Shunwang Tech from 2007 to 2025. Also explore Hangzhou Shunwang Tech (300113) equity growth momentum to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2025-12-31	CN¥2.61 Billion ≈ $382.47 Million	+14.47%
2024-12-31	CN¥2.28 Billion ≈ $334.11 Million	+9.17%
2023-12-31	CN¥2.09 Billion ≈ $306.05 Million	+7.88%
2022-12-31	CN¥1.94 Billion ≈ $283.69 Million	-21.98%
2021-12-31	CN¥2.48 Billion ≈ $363.63 Million	-1.83%
2020-12-31	CN¥2.53 Billion ≈ $370.41 Million	-4.97%
2019-12-31	CN¥2.66 Billion ≈ $389.77 Million	-14.17%
2018-12-31	CN¥3.10 Billion ≈ $454.11 Million	-2.82%
2017-12-31	CN¥3.19 Billion ≈ $467.27 Million	+24.04%
2016-12-31	CN¥2.57 Billion ≈ $376.72 Million	+72.70%
2015-12-31	CN¥1.49 Billion ≈ $218.14 Million	+43.90%
2014-12-31	CN¥1.04 Billion ≈ $151.59 Million	+18.02%
2013-12-31	CN¥877.80 Million ≈ $128.45 Million	+8.60%
2012-12-31	CN¥808.30 Million ≈ $118.28 Million	+8.85%
2011-12-31	CN¥742.56 Million ≈ $108.66 Million	+7.02%
2010-12-31	CN¥693.87 Million ≈ $101.54 Million	+1196.41%
2009-12-31	CN¥53.52 Million ≈ $7.83 Million	+76.68%
2008-12-31	CN¥30.29 Million ≈ $4.43 Million	+856.24%
2007-12-31	CN¥3.17 Million ≈ $463.59K	--

Equity Component Analysis

This analysis shows how different components contribute to Hangzhou Shunwang Tech's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 85354.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥1.67 Billion	65.20%
Other Components	CN¥890.00 Million	34.80%
Total Equity	CN¥2.56 Billion	100.00%

Hangzhou Shunwang Tech Competitors by Market Cap

The table below lists competitors of Hangzhou Shunwang Tech ranked by their market capitalization.

Company	Market Cap
Airport City Ltd TA:ARPT	$1.55 Billion
PSMC CO. Ltd KQ:024850	$1.55 Billion
Hankook Tire Worldwide KO:000240	$1.55 Billion
China Railway Construction Corporation Limited F:4FF	$1.55 Billion
Allient Inc. NASDAQ:ALNT	$1.55 Billion
Fagron NV BR:FAGR	$1.55 Billion
Guangdong Guangzhou Daily Media Co Ltd SHE:002181	$1.55 Billion
Ningbo PIA Automation Holding Corp. A SHG:688306	$1.55 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Hangzhou Shunwang Tech's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 2,228,774,683 to 2,557,435,884, a change of 328,661,201 (14.7%).
Net income of 417,633,881 contributed positively to equity growth.
Dividend payments of 60,674,749 reduced retained earnings.
Other comprehensive income increased equity by 85,393,647.
Other factors decreased equity by 113,691,577.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥417.63 Million	+16.33%
Dividends Paid	CN¥60.67 Million	-2.37%
Other Comprehensive Income	CN¥85.39 Million	+3.34%
Other Changes	CN¥-113.69 Million	-4.45%
Total Change	CN¥-	14.75%

Book Value vs Market Value Analysis

This analysis compares Hangzhou Shunwang Tech's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 4.20x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 179.98x to 4.20x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2007-12-31	CN¥0.09	CN¥15.73	x
2008-12-31	CN¥0.19	CN¥15.73	x
2009-12-31	CN¥0.11	CN¥15.73	x
2010-12-31	CN¥1.26	CN¥15.73	x
2011-12-31	CN¥1.12	CN¥15.73	x
2012-12-31	CN¥1.23	CN¥15.73	x
2013-12-31	CN¥1.36	CN¥15.73	x
2014-12-31	CN¥1.57	CN¥15.73	x
2015-12-31	CN¥2.14	CN¥15.73	x
2016-12-31	CN¥3.59	CN¥15.73	x
2017-12-31	CN¥4.33	CN¥15.73	x
2018-12-31	CN¥4.22	CN¥15.73	x
2019-12-31	CN¥3.90	CN¥15.73	x
2020-12-31	CN¥3.49	CN¥15.73	x
2021-12-31	CN¥3.58	CN¥15.73	x
2022-12-31	CN¥2.80	CN¥15.73	x
2023-12-31	CN¥2.98	CN¥15.73	x
2024-12-31	CN¥3.27	CN¥15.73	x
2025-12-31	CN¥3.74	CN¥15.73	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Hangzhou Shunwang Tech utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 16.33%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 23.94%
• Asset Turnover: 0.57x
• Equity Multiplier: 1.19x
Recent ROE (16.33%) is below the historical average (17.79%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2007	73.17%	53.81%	1.03x	1.32x	CN¥2.00 Million
2008	59.83%	51.27%	0.95x	1.22x	CN¥15.10 Million
2009	58.58%	37.45%	1.16x	1.35x	CN¥26.00 Million
2010	6.55%	32.26%	0.20x	1.03x	CN¥-23.97 Million
2011	8.58%	36.88%	0.22x	1.06x	CN¥-10.57 Million
2012	11.40%	33.65%	0.30x	1.11x	CN¥11.31 Million
2013	11.68%	29.54%	0.28x	1.44x	CN¥14.72 Million
2014	15.24%	24.16%	0.49x	1.29x	CN¥53.91 Million
2015	19.62%	27.94%	0.54x	1.31x	CN¥140.06 Million
2016	21.15%	30.62%	0.50x	1.39x	CN¥274.71 Million
2017	17.09%	28.22%	0.46x	1.33x	CN¥212.56 Million
2018	10.90%	16.20%	0.51x	1.32x	CN¥26.60 Million
2019	3.33%	5.42%	0.46x	1.35x	CN¥-170.48 Million
2020	3.72%	8.71%	0.35x	1.22x	CN¥-153.12 Million
2021	2.51%	5.36%	0.38x	1.22x	CN¥-182.40 Million
2022	-21.44%	-36.12%	0.49x	1.21x	CN¥-595.18 Million
2023	8.40%	11.83%	0.59x	1.21x	CN¥-32.34 Million
2024	11.30%	13.69%	0.66x	1.26x	CN¥29.01 Million
2025	16.33%	23.94%	0.57x	1.19x	CN¥161.89 Million

Industry Comparison

This section compares Hangzhou Shunwang Tech's net assets metrics with peer companies in the Electronic Gaming & Multimedia industry.

Industry Context

Industry: Electronic Gaming & Multimedia
Average net assets among peers: $5,865,756,015
Average return on equity (ROE) among peers: 5.95%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Hangzhou Shunwang Tech (300113)	CN¥2.70 Billion	73.17%	0.15x	$1.55 Billion
YOUZU Interactive Co Ltd (002174)	$5.13 Billion	3.27%	0.35x	$1.94 Billion
Dalian Zeus Entertainment (002354)	$2.40 Billion	-11.76%	0.15x	$1.81 Billion
Kaiser China Holding Co Ltd (002425)	$1.05 Billion	3.56%	0.18x	$425.57 Million
Kingnet Network Co Ltd (002517)	$5.07 Billion	31.75%	0.20x	$5.42 Billion
37 Interactive Entertainment Network Technology Group Co Ltd (002555)	$143.08 Million	27.02%	1.01x	$5.62 Billion
Giant Network Group Co Ltd (002558)	$10.60 Billion	9.39%	0.13x	$6.97 Billion
Zhejiang Century Huatong Group Co Ltd (002602)	$25.35 Billion	-27.98%	0.31x	$16.23 Billion
Beijing Ultrapower Software (300002)	$2.27 Billion	11.93%	0.05x	$2.33 Billion
Shenzhen Zqgame (300052)	$783.57 Million	6.42%	0.45x	$388.55 Million

About Hangzhou Shunwang Tech

SHE:300113 China Electronic Gaming & Multimedia

Market Cap

$1.55 Billion

CN¥10.60 Billion CNY

Market Cap Rank

#7099 Global

#1494 in China

Share Price

CN¥15.73

Change (1 day)

-2.18%

52-Week Range

CN¥15.73 - CN¥30.09

All Time High

CN¥45.61